The 2024-25 Budget: Deficit Update

Feb 20, 2024 - For example, the administration frequently displayed “operating surpluses ” in its multiyear forecasts excluding this type of spending —implying that the administration understood that the state could not afford all of the commitments under its own projections, but the state could afford the ongoing budget.
https://lao.ca.gov/Publications/Report/4850

The 2024-25 Budget: Governor's Office of Business and Economic Development

Feb 20, 2024 - A primary argument for continuing California Competes grants for a fourth year is the need for state incentives to encourage CHIPS Act projects to locate in California. The CHIPS Act requires projects to demonstrate they have been offered incentives from state or local governments.
https://lao.ca.gov/Publications/Report/4846

The 2024-25 Budget: Food Assistance Programs

Feb 16, 2024 - The federal government gave states the option to provide state-funded food assistance to populations affected by the 1996 policy change (such as legal permanent residents who arrived less than five years ago).
https://lao.ca.gov/Publications/Report/4845

The 2024-25 Budget: California State University

Feb 15, 2024 - CSU Is Directly Responsible for Certain Pension Costs. The California Public Employees’ Retirement System (CalPERS) administers pension benefits for CSU and most other state employees. The CalPERS Board sets employer contribution rates for pensions as a percentage of payroll.
https://lao.ca.gov/Publications/Report/4842

The 2024-25 Budget: California State University [Publication Details]

Feb 15, 2024 - The 2024-25 Budget: California State University [Publication Details] Description: In this brief, we analyze the Governor’s budget proposals for the California State University (CSU). We also revisit recent CSU one-time initiatives and capital projects.
https://lao.ca.gov/Publications/Detail/4842

The 2024-25 Budget: Proposition 98 and K-12 Education

Feb 15, 2024 - Prior to 2022 ‑23, the state contributed roughly 25 cents per free and reduced meal served (the state did not reimburse paid meals). In 2022 ‑23, the state provided a discretionary rate increase of 63  cents per meal —a 238 percent increase to the state rate for a free meal.
https://lao.ca.gov/Publications/Report/4839

The 2024-25 Budget: The Governor’s Proposition 98 Funding Maneuver

Feb 15, 2024 - This is the state ’s budget . After this plan is put into law, the executive branch executes it on a cash basis. That is, on a daily basis, the state ’s tax agencies collect revenues, the State Controller pays the state ’s bills, and the State Treasurer invests any of the state ’s cash that is currently unused.
https://lao.ca.gov/Publications/Report/4840

The 2024-25 Budget: The Governor’s Proposition 98 Funding Maneuver [Publication Details]

Feb 15, 2024 - In this brief, we evaluate the Governor’s novel proposal to allow schools to keep $8 billion of cash disbursements above the minimum requirement without recognizing the budgetary impact of those payments.
https://lao.ca.gov/Publications/Detail/4840

Overview of Juvenile Justice System and County Funding Provided Through the State [Publication Details]

Feb 14, 2024 - Overview of Juvenile Justice System and County Funding Provided Through the State [Publication Details] Translate Our Website This Google ™ translation feature provided on the Legislative Analyst's Office (LAO) website is for informational purposes only.
https://lao.ca.gov/Publications/Detail/4844

The 2024-25 Budget: Medi-Cal Analysis

Feb 14, 2024 - State ’s Uncertain Budget Condition Heightens Funding Risks. Since the 2023 ‑24 budget and the MCO tax package were enacted, the state ’s budget picture has deteriorated. Under the Governor ’s budget, the state is addressing a significant budget problem in the near term and is projected to face deficits in the out ‑years.
https://lao.ca.gov/Publications/Report/4838